Ozgur Caglayan’s Post

🔋 Renault Group's Electrifying Strategy: Cutting Battery Costs by 20%! 💡 #RenaultInnovates as it adopts #LFP chemistry and new production processes for EVs. Partnering with LG Energy Solution for extended range, Renault's Ampere unit is set to revolutionize EV affordability from 2026. 🚗 ⚡With a European supply chain in the works, including #CATL and #LG, Renault's taking on Chinese competition head-on. 🇪🇺🇨🇳 Despite market challenges, Renault's pushing forward, balancing innovation with cost-efficiency. Will this help to spark a new era in European EVs? 🤔 Read more at https://lnkd.in/e_jaCS35 #EVInnovation #AutomotiveFuture #SustainableMobility

With China and Korea leading the way as early adopters of hydrogen-powered vehicles, the Asia-Pacific (APAC) region is strategically positioned to capitalize on the growth of the hydrogen fuel cell vehicle (HFCV) market. 🚗💡 The growth of HFCVs in APAC will driven by key factors, including automotive OEMs' first mover advantage, increased investment, and public-sector support. 📝 Read here our full report: https://lnkd.in/gmay74d3

#ElectricvehicleGrowth #Top Electric Light Vehicle OEMs Battery Electric vehicle demand surged by 30% in 2023 compared to 2022, fueled by China's incentives for the NEV industry and increasing global demand in key markets like Europe, the USA, Korea, Thailand, India, and selective Latin American countries. China remains the dominant force, representing over half of the global demand. Ten Chinese companies secured spots among the top 20 BEV manufacturers, with #BYD #GEELY #GAC #SAIC leading the pack. Source: https://lnkd.in/dCPBdWT9

China is poised for a significant increase in electric vehicle (EV) adoption in Q2 2024, with EVs’ share of sales to climb further from the 42% in March, propelled by Chinese EV makers’ aggressive sales and marketing strategies, says Fitch Ratings. The intensifying price war and escalating marketing expenditure may squeeze the near-term margins of EVs, while the declining utilization of production capacity for conventional internal combustion engine vehicles may further strain the profit outlook for Sino-foreign joint ventures. Read the full story at: https://lnkd.in/e-3mfG56

#Turkey eyes deals with BYD, Chery, MG and GWM ‘ASAP’ 🗣️"We would like to complete the talks as soon as possible. We have come a long way with both of them,” Minister of Industry and Technology Fatih Kacir told Bloomberg in an interview in Ankara. Separate negotiations with SAIC Motor Corp., which owns MG, and Great Wall Motor Co. are also underway, he said. 📖 Source https://lnkd.in/gxYyGUMF paywalled Recently 👇 The Turkish electric car manufacturer Togg is going into export earlier than recently expected and wants to sell its first model T10X in Germany from autumn 2024. This announcement comes directly from Togg CEO Gürcan Karakas. 📖Source https://lnkd.in/gRWgTuRM #IONAXS #CleanMobility #eMobility #ElectricCars  #FutureMobility #Batteries #Automotive  #ElectricVehicles #AutonomousVehicles  #EV #Lithium #Innovation #Sustainability  #Recycling #Future #Energy #Efficiency #Technology #AVEVAI #TomTsogt 🔔👍

𝐓𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 #𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 #𝐕𝐞𝐡𝐢𝐜𝐥𝐞𝐬: #𝐒𝐨𝐮𝐧𝐝 #𝐌𝐚𝐭𝐭𝐞𝐫𝐬! Get More : https://lnkd.in/g28yGBze The Electric Vehicle (EV) Sound Generators Market is set to witness remarkable growth, with projections indicating an increase from USD 107.86 million in 2023 to USD 269.90 million by 2030, at a robust CAGR of 14%. 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬: Rising Demand for Electric Vehicles: The shift towards eco-friendly transportation is #spurring #EV #adoption, with global electric vehicle sales expected to reach 726 billion USD by 2029. Government Incentives: Subsidies, like those in China (up to US$ 14,000 per EV), are encouraging consumers to make the switch. 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: The Asia Pacific region is dominating the sound generator market, holding 60% market share in 2023, with countries like #China and #Japan leading the way in #EV #production. #ElectricVehicles #SoundGenerators #EVs #Sustainability #MarketGrowth #Innovation #AutomotiveIndustry #SafetyFirst 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 Delphi Denso Continental DENSO Harman

Interesting UBS strategy report with insights into BYD’s tech and cost structure in context of globalisation of Chinese OEMs. Europe is the biggest potential market for Chinese OEMs. BYD and other leading Chinese OEMs are targeting to dominate the global automotive market with high-tech, low-cost EVs for the masses, hereby accelerating worldwide EV adoption. Personally, I think that it will be very difficult for them to gain significant market share due to a mix of perceived lack of premium brand value, retail network and EU regulatory measures.

Chinese automakers face a crucial make-or-break moment amid an intense local price war and growing global regulatory challenges. To stay competitive, they must innovate and expand carefully. The race intensifies as they navigate through market saturation and stringent overseas regulations. https://lnkd.in/gK67KKyr #EVNews #EV #EVBoom #ChineseAutomakers #NEV #ElectricVehicles #GAC #Aion #HuaweiPartnership #EVTechnology #GlobalExpansion #EURegulations #USMarket #IndiaEVMarket #AutomotiveInnovation #ElectricMobility #RenewableEnergy #BeijingAutoShow #AutomotiveCompetition #TechAdvancements

Japanese OEM’s have so far avoided pure EV’s (Suzuki’s EV not expected before 2025) and focused more on hybrids. However, Indian makers (Tata’s, Mahindra’s) and other Global OEM’s are going full throttle on EV’s. A possible reason could be that Japanese take some time to embrace new technologies and evaluate both pros and cons of any aspect before the same. Irrespective of the fact, this poses a question to those OEM’s who have made significant investment in ICE’s: 1.      Can those lines be modified to accommodate Hybrid or EV technology components? 2.      If no, for how many years will ICE be relevant? The point no 2 will play a big role in deciding any future investment in powertrains and engines. Would welcome opinions & further insights on the same #ev #hybridvehicles